The Bombay High Court dismissed Lalit Modi’s petition seeking BCCI’s financial protection against a ₹10.65 crore penalty imposed by the Enforcement Directorate. The court deemed the petition frivolous and ordered Modi to pay ₹1 lakh to a hospital. The court’s decision highlighted that the BCCI isn’t obligated to indemnify Modi due to its non-‘State’ status under Article 12 of the Constitution.
The Bombay High Court dismissed Lalit Modi’s petition seeking BCCI’s financial protection against a ₹10.65 crore penalty imposed by the Enforcement Directorate. The court deemed the petition frivolous and ordered Modi to pay ₹1 lakh to a hospital. The court’s decision highlighted that the BCCI isn’t obligated to indemnify Modi due to its non-‘State’ status under Article 12 of the Constitution.
Indian Premier League founder Lalit Modi has criticized The Hundred, a 100-ball cricket competition in England, calling it a ‘Ponzi scheme’ and expressing skepticism about its financial projections. Modi claims the English Cricket Board’s (ECB) projections are unrealistic, especially regarding international TV rights. He believes the competition is trying to attract IPL owners with exaggerated promises. The ECB, however, remains confident in The Hundred’s success and potential for future investment.
Aliya Modi, daughter of former IPL chairman and billionaire Lalit Modi, is making a name for herself in the world of interior design. After graduating from Brandeis University and completing her Masters in Architectural Interior Design, she founded her own London-based company, AMRM International Consultants Ltd. Learn about her journey, her company’s success, and her family’s impressive business empire.
